Shennong Group has announced the suspension of the Guangxi Longmen pig farm project, which had a planned total investment of 120 million yuan, in order to implement the national hog production capacity regulation targets. The project is one of three pig farms under the company's 550 million yuan hog expansion plan announced last year, involving a capacity of 180,000 piglets. It is still under construction, while the other two farms have been completed. Previously, regional leading pig enterprises such as New Wufeng and Tangrenshen have also successively terminated or scaled back pig farming fundraising projects, shifting to an asset-light operating model.
Yunnan Shennong Agricultural Industry Group Co LtdShennong Group suspends 120 million yuan piglet farm project, scaling back expansion plans.
Tangrenshen Group Co LtdMentioned as peer that terminated pig farming fundraising projects, but no new action by Tangrenshen itself.
Hunan New Wellful Co Ltd